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President Bola Tinubu of Nigeria recently revealed his decision to unify the exchange rate in the country, rather than maintaining the former multiple foreign exchange systems.
He explained that he made this choice in order to save the country from financial loss, even though he could have personally benefited from participating in arbitrage.
Tinubu emphasized that he took this action in the best interest of the nation, just as he did with fuel subsidy removal.
He also expressed the need to stop the financial bleeding through decisive actions.
Tinubu further stated that the government would re-engineer the control and management of resources to meet the obligations to Nigerians.
He called for the support of governors in ensuring the even development of the country and expressed his commitment to turning Nigeria into a resilient economy.
The event was attended by various political figures, including Lagos State Governor Babajide Sanwo-Olu and Vice President Kashim Shettima.
This article was updated 2 months ago
